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" th, everybody everybody. i'm jeff glor along with rebecca jarvis. >>> the fiscal cliff is now just four days away. >>> president obama meets with congressional leaders for one last effort before they reach the deadline. major garrett is at the white house. major, good morning. >> good morning, rebecca and jeff. president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff. talks continue between senior white house and congressional staff, but that's been true throughout then tire saga. with the deadline looming there were dire predictions. >> come the first of this year, americans will have less income than they have today. >> and rekrimm nations. >> now republicans have bent over backward. we've
mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate bond market, the high-yield market. the fed has really through their interest rate repression forced people into risk assets, so the fixed income -- david: let me just stop you there, tim. you say interest rate repression on the part of the fed. that sounds like you're not too happy with the fed. [laughter] >> the fed's basically taken the market disciplinary function out of the marketplace with purchasing $85 billion a month with treasuries. they've been doing that for quite some time, so they basically have been, you know, manipulating the interest rates which i think is also when people
of michigan. dagen: jeff flock is in the middle of it. jeff: we will have him live on the air and just a moment. about 12,000 people by my count. stay tuned. ♪ ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you ll me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. connell: the union protesters are out in the state of michigan paddling the right to work legislation in the state. we are going there live in just a moment. apple shareholders hoping for a early holiday gift. no early dividend announcement. dagen: bottom of the hour. stocks now and every 15 minutes. we are watching delta. nicole: that is right. what happened here is delta confirmed it is acquiring the singapore airlines stake in virgin atlantic. i know you interviewed richard branson did he was here not that long ago. forming a joint venture. delta's stock is certainly reaction to this news. l
parting words. we'll go live to jeff flock. he is at an oil remeanry with a first-hand look what is driving trading and the prices that we pay. and up next, we get you ready to travel. travelocity senior editor let's us in on details of new deals for new year's eve and hot spots for the new year >> i'm here with your fox business brief. the dow was down triple digits after senate majority leader harry reid said that the u.s. is poised to tumble over the fiscal cliff but there was a late-day turnaround on the news that the house will hold a special session on sunday night. >>> directv customers can expect to pay more for their programing packages in 2013. the satellite cable provider is planning to hike prices by an average of 4 1/2% starting february 7th, citing higher programing costs and expects to pay it. v channel owners next year. >>> amazon.com is the place to go for online shopping this holiday season. according to a new survey from forse amazon took the top spot thanks in part to its wide variety of merchandise and its user-friendly site. that's the latest from fox biz is
july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are you bullish but you're also calling for a pretty decent santa claus rally. tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the ebullient month of december. i mean it's happened but it's a pretty rare event it just seems to be the holiday sentiment tend to its lift stocks. i think that is what will happen this kror because i'm not one that thinks we'll fall totally off the cliff. >> tell us more. you think there is going to be some kind of deal by the end of the year and tha is a good ting for the stock market? >> i am not sure that you will get a whole resolution to the deal but i think will you see some kind of scaled in event of the of the 265 billion of bush tax cuts only 55 billion go to the wealthy. the other 210 billion go to the mi
. they are checking out the surveillance video of what happened. >> hanukkah, and christmas, traffic, and jeff bush is at union square. >> the traffic is still pretty crazy. thousands of people are here to get their holiday show fun. anybody who drove down had to bring some patients because it has been slow all day. >> the drive down this street was a slow day, and it took several cycles just to move one block of the traffic light signals. a merger of pedestrians, drivers in total gridlock was often the case for them 1 mi. of this square. if (car horsn >> many people were caught off guard with the overwhelming amount of pedestrians, drivers there were out and about direct and when the lights turn to you can see that the intersections were filled with at least 100 people every time the light to turn to scre. after green and eventually, people got to where there were going and they joined in with the annual tradition of holiday shopping in the city. you can see there are still people coming and. finishing up san francisco shopping jeff bush, kron 4 news. >> this is the eighth day of the jewish day of
are live from one company bracing for fallout from the fiscal cliff, jeff flock has a preview. jeff: listen carefully to what just transpired in washington, a generator they are testing now, you can almost hear it. we are going to hear from the ceo on this subject of the fiscal cliff and what he hopes will happen and won't happen. stay tuned. tracy: the world's largest producer of gasoline powered engines seeing points for strong growth. we get past the looming fiscal cliff at the end of the year. jeff flock joins us with the company in wisconsin. jeff: is a huge fear and companies like this all over the country but particularly this one in wisconsin, a force for huge growth. these generators are home powered generators. sandy kicked up demand for this. what is their biggest fear? that the fiscal cliff gets gone over and next thing you know, we have problems. listen to the ceo talking exclusively on the fox business network. >> when you look at the fiscal cliff, everything that impact the economy and for us is housing and unemployment because that has a big impact in consumer confidence and
will go to jeff flock for that. jeff. jeff: as we speak, gm executives, that is who you are looking at right now, they are talking about the new chevy silverado. if you look at the pictures of this, there was a huge explosion as a new chevy silverado pickup was unveiled to the public. it is the number one selling vehicle for gm. this is where this thing went off. they set off an explosion down here. they are hoping for and explosion of sales. we talked to the president, for gm and he said even if we go off of it gm can still make money. we can flex and make a lot of money at fiscal cliff levels. we do not think that we need to. jeff: what do you do immediately >> we take a look at different car lines. we look at where the strength is and could be. then we look at the pent up demand. jeff: this is the silverado. they already have some kind of inventory. mark reuss said they have increased incentives. they are selling pickups. if we do not go off the cliff, they are extremely well-positioned. connell: jeff, thank you, as always. we will go back to washington for the speaker of the hou
levels on the mississippi river dropping to record lows. we find jeff flock with more. jeff: and extraordinarily difficult situation here. live pictures from the mississippi. we are on 24 barges and tow. this is the guy who runs this. extraordinary low levels. >> yes. this is the lowest levels we have seen in years. we are approaching record lows we have never seen. jeff: it is not enough to raise the levels, the rain we are seeing right now. >> it is pretty amazing what you can see at these low river stages. it is really amazing how low the water is. jeff: they have had to reduce the amount of cargo that they can ship. it is actually a fertilizer that in this middle part. the outside is actually empty barges to go upriver to bring grain back down. >> correct. jeff: how much of an impact puts back this is fertilizer for spring planting. >> salt for the roads we drive on to keep us safe. jeff: this is almost on navigable. >> if we don't get anything done, we will be off this river. jeff: they are asking the obama administration to blow up some rock formations that are now blo
have fallen off a cliff. off a fiscal cliff perhaps. well, let's go to jeff flock who is at the exxonmobile refinery in illinois. i was going to mention the name of the town, but i will let you do that, jeff. jeff: a little small town outside joliet. you're looking right now actually at something you don't often see at refiners but sometimes do, it's called flaring. it is when a refinery goes back on-line after an unplanned shutdown, they have to burn off some dangerous gases, they have to report that to the federal government because it's a potentially dangerous situation. but that danger is nothing like the danger to the oil market from the fiscal cliff. take a look sat oil today -- take a look at oil today, pulled back a little bit after the big run up yesterday. and the run up yesterday i think wasn't so much fiscal cliff, it was more mideast action, but the story really isn't so much actually price. it is volume, the lack of volume. because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and
at one company has spiked because of the superstorm. jeff flock joining us from wisconsin with more. jeff: i have a unique ceo who is concerned about the fiscal cliff but at the same time is hiring like it is going out of style. the ceo of generous. look at what is coming off of the line. that is one of your own power units. it has become so much in demand because of sandy. >> these are products that have only been around ten years. only a 2.5% of u.s. households a huge opportunity for markets. jeff: you have hired 200 people additionally since sandy. >> we are bringing them on and running three ships in this facility today in response. jeff: look at the stock and walked me out here. i will see as much of this facility as i can, a 3,000 square foot facility. bird stock. you have doubled in value as a result of the hurricane. >> we did. people have started to understand the importance of backup power, with you are a homeowner or a business owner. >> this is the wind turned out backup power. this unit right here, let me take a look, people have said i don't want to be out of power every tim
in those parts. the weather is also wreaking havoc on commodity prices. here is jeff flock with more on that. jeff: good news on the drought front. that is exactly what they need is that kind of moisture. take a look at the pictures. we have been worried here. i am in the oke. right now. >> it really helps the wheat market. we will expect to have a better crop. jeff: and helps with the situation on the mississippi river. you can get shipments up and down. >> all of that really plays into it. jeff: you said this market is pretty thin right now. >> a lot of money on the sidelines with what is happening in washington, d.c. the fiscal cliff has everyone worried. jeff: virginia, always appreciate your insight. thank you. a lot of people talking today. also, about the merger. even though it is competition here, it also is an acknowledgment. they must have been doing something right here in chicago all along. connell: every time you think about futures and trading floors and what it means for human beings, yes, it is a big story. jeff flock, thank you. as we continue, the other big things c
. that is one of two binding constraints on our economy. >> eliot: before jeff i give him his moment, the reason i disagree is there are trillions of dollars of capital signature on the sidelines not being allocated and not being allocated for a host of reasons primarily a demand crisis and the government given the deficit, spends it. in consumption and its own investment, that seems to me to be the trigger we need to get the economy going. jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now is that we need more demand stimulus and the real danger is all this talk about cutting govern
to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is fo
: jeff immelt for the hour. next. >> rose: general electric is the nation's largest industrial company. it employs over 300,000 people around the world. it makes everything from aircraft engines to power plant turbines to medical imaging equipment. the company has evolved over the last decade over jeff immeant's watch. he has led a global expansion and shed once treasured businesses such as plastics and insurance. in 2011, president obama named him to lead the council on jobs and competitiveness. last month, the country created 146,000 jobs, exceeding expectations in the wake of hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the po
. ashley: we need to get our applications and. tracy: oil prices tumbling again. jeff flock in the pits of this cme with the very latest. jeff: coffer of about 1% today. positive news out of china. coffee is down. way down. the number of coffee beans is up. that means prices are down. scott shelby trades a lot. >> not really. deflation may be coming on board and set of inflation. it is something japan has been stuck on for years. jeff: the big markets are not moving. >> when the government tells you lower longer, we may not all put our purchases off for next year. our economy still is not doing very well. we have the inflationary rather than inflationary. jeff: scott will walk slowly, by the way, he fell down the stairs and he is concerned about the economy falling down the stairs. >> even if there is a deal, ultimately, that will not get jobs going. we are growing a little bit. central bankers cannot stand deflation. they have been fighting inflation for years. jeff: i will leave you with the price of gold. you think gold is done. >> it will be cheaper next year. it will start to get p
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that
about that on talking numbers. it's carter worth and jeff tomasulo. gentlemen, good to see you and hear you i hope as well. carter, what do you think? you still with b of a? do you like hp as a darling for next year? what do you think? >> no. stick with b of a. if these are stable companies and if you can get one at its business trough low, you profit off its low. but that's only in effect if a business isn't being made obsolete. that's the issue with something like a hewlett-packard. it's not just catching a cord and twine company at its low which then becomes the new winner the following year. or the financial in the case of b of a last year. we would not step in and apply the dog of the dow theory here and apply it. >> but jeff, you don't like b of a do you? >> no. and i'm going to agree with carter. stay away from hpq. b of a is up 108%. now, the smart money is going to rotate out of bank of america and look to go into the stronger fundamental stocks in that sector like a jpmorgan. right now bank of america is trading at 12 times, jpmorgan at 8 times future earnings. wait. jpmorgan
. president, i rise today to honor my friend, illinois state senator jeff shoalberg on his more than two decades of service in the illinois state assembly. he was elected to the statehouse at the age of 30 was elected to the illinois senate in 2003 where he rows to the acres of serve being as assistant majority leader. more importantly, jeff schoenberg has been a dedicated public servant to his constituents in evanston and to the people of illinois. jeff sponsored a bill that would provide better access to quality health care and give consumers the opportunity to make better choices for their health. he also secured more than $5 billion in federal funds for safety net hospitals like mt. sinai, mercy and holy cross. jeff schoenberg supported the illinois safe zones act which paved the way for stem cell research and insisted on greater accountability and oversight at the illinois state toll highway thomplet a father of two, he was critical to the passage of a measure to allow schools to keep and administer epinephrine following the death of a 13-year-old girl who had an allergic reaction t
, nicole's on the new york stock exchange, and jeff flock at the cme. nicole? >> the home builders, a great day to take a look, and the numbers, talk about the month over month, down .1%, which is an improvement over what analyst had the exception with a 2%, and year over year with a gain that out paced the analysts' expectations. the group is mixed today. jrhorton down 1%, and kb homes gaining 1%. the group has done well. i chose these names to give a look over 52 weeks. i mean, 376%, that is the gain that we are seeing on hovnanian. 376%. i said it again just in case you missed it the first time. we've seen the housing recovery underway, and today's numbers echo that sentiment. it's been slow; however, and each time you get the numbers in, there's experts like david blitzer saying it's an upbeat assessment saying the recovery is gathering strength. back to you. ashley: encouraging sign, slow and steady, could be awhile before we are close back to normal. >> right. >> whatever normal is. nicole, thank you. jeff, what's going on with oil and line lumber? >> well, true, you know, the numbers
have jeff flock -- i think he's -- is he on the mississippi? mississippi has dropped near record lows in terms of volume of water and the width of the shipping channel. are you on a boat there, jeff? i want you to give us the latest on this. this is getting serious. jeff: absolutely. this is becoming very serious. you know, it is raining today, but that does not correct the drought that we have experienced all summer. take a look at this tow. i'm on board. this is transporting fertilizer, going up river, also some empty barges to bring grain down river. we are reaching a point where the mississippi river is almost unnavigable. you can't get two tow boats by like you typically can and there are parts of this river that may soon make it impossible to ship anything here. it could be a huge story. we will be on this all day long today, stuart. it is turning into a disaster along the mississippi. stuart: there he is, jeff flock, in the middle of it as always. thank you very much jeff. the highlight reel will be next. twins. i didn't see them coming. i have obligations. cute obligations, bu
was not removed proper plea because of the manner in which she left the hospital. i'm joined by jeff gold a former prosecutor, and deborah lum. jeff, what do we need to know about this legally? >> why did they do it and why are they talking to the police. the mom talked to hispanic radio. the dad gave a talk on a radio show. why aren't they talking to the police and quelling the fears that the child is okay. the dad said i'm speaking to my wife and daughter now, they are fine when he spoke to the today show. why not let the police speak to the mother and find out if the daughter is okay. they skipped out the day before they were supposed to be released. the child was supposed to be released. why was that? let's find some answers now the. martha: deborah, one of the big issues here obviously is parent alrights, this is your child. they voluntarily brought her to be treated at this medical facility. but you also have the issue of the prior infection and whether or not the parents are serving this girl or whether they in anyway are endangering here. >> just quickly to speak to what jeff just spoke ab
the conditions are terrible. >>> all right, let's bring bring in jeff for the weather, what is the latest on the storms? >> it's in the earn part of the country. we're expecting the severe weather threat to shift to the east today. i want to punch this full so you can see it. that's where the shrms are, on the northern and western side of this storm we have a raging blizzard. we're expecting almost a foot of snow there, and snow is now moving into northern parts of virginia. >> what about into the rest of the week? >> this storm will start to translate northeast ward and will be a headache for most of the earn half of the country. first things first, let's talk about the severe weather today. today, it's in earn parts of georgia, north carolina south carolina, and there is a moderate risk for severe weather. that means we could see tornadoes in this area once again. as far as snowfall that strip of blew is between six and 12 inches of snow but it's towards upstate new york with lake enhanced snow one to two feet of snow wind gusts up to 40 miles per hour and a huge
of conflict and humanitarian crisis. jeff, why is it that the crisis seems to be heating up? you point out that the congo that the government's army is losing battle after battle. being routed in battle after battle by the rebels. >> i think this is really an issue of state failure. i've been covering congo for six years and i've seen the country get weaker and weaker since i began. there was a big election in 2006 that created a lot of hope and enthusiasm that things were turning around. they haven't. since then, the government has become more authoritarian, more corrupt, more rebel groups. what we are seeing is a symptom and cause. it's a symptom of this weak state that can't control its own territory. watch the couple hundred rebels march into the big es city in the country and they didn't do much about it. that's also a cause. now that the rebels have taken goma, a lot of other opposition groups are starting to think wait, maybe now is the time to really take on the government, and people are smelling blood in the water, and that's the worry that these rebels in eastern congo do not ha
ground but jeff hyping. the -- overhyping. the more they make the threat real the more leverage administration will have. >> at next week syria conference the pentagon realizes it may be asked to fill the vacuum after assad goes and is worried that the newly chosen opposition military command structure is filled with commanders tied to the muslim brotherhood. john? >> john: jennifer griffin at the pentagon tonight. thanks so much. fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the launch of a satellite. the west says it's not a satellite at all. just cover for testing missile technology. still ahead, remembering the glory days of america's manned s
. not only did 2012 help but i think 2013 will be even better for them. >> i'm wondering, jeff, a lot of the headwinds that bill just mentioned, the regulatory environment and very low interest rates which squeezes their margins, are any of these things going to clear up and go away in 2013? >> well, i think one of the reasons that you are seeing the big banks doing well coming into year end isn't so much that those things are lessening but they are better equipped to handle it. right now with the regulatory and the net interest margin pressures, scale and efficiency is more important than ever and the money center banks have it. it's a matter of whether they can deliver it. they have the scale and starting to see them deliver the efficiency so cost management is a big thing that helps them. also they have businesses away from the traditional banking, net interest lending, and capital markets, could see some pretty strong numbers next year and the money center banks, they are shrinking their liability footprintson so on a funding cost side they have a lot of advantages that a lot of o
to squawk on the street, joined by jeff sprerk, ceo of intercontinental exchange and duncan niederauer, ceo of the new york stock exchange. a cash and stock deal worth roughly $33, a bit more now, per new york stock exchange shares, given ice shares are actually up. gentlemen, nice to have you here on the floor. duncan, let me start with you. >> sure. >> my understanding is mr. sprecher approached you a number of months ago, conversations began. when he approach ready you at the time, give pun the previous history where you have been part of the potential hostile for the new york exchange, why did you say, all right, i will talk to this guy and what were you thinking when the approach was made? >> a lot of questions in there first of all, we have known each other for a long time. we like each other and i think our attitude is business first, right? so it was business last year. i understood why jeff was doing what was doing. he understood what we were trying to do we have been friends, we stayed friends and if we put our shareholder value creation hats on, this was an easy discussion to hav
. >>> should you get in now or will it continue to slide at $5.07? liesman's exclusive with jeff lacquer, who is at odds with his fellow fed policymakers. keep it right here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to phot
on fire. there have been no injuries reported but it is leaving the automaker with a black eye. jeff flock in chicago with the details you need to know. jeff: level vehicle has caught fire in a couple cases. at least a dozen fires, ford a skate and ford fusion, the focus, not so much the vehicle but the engine, the 1.6 ego boost engine. most of the recalls have been of the escape. that is a huge car for ford, and they unveiled it at the l.a. auto show. it is the second best seller of any car, the ford f-series truck, sold 20,000 escapes last month that 73,000 have been recalled. here is the scary part. it is an important engine but in addition to if your hot engine llght comes on, you pull over and get out of the vehicle the scary part for the company is they do not have a fix for of this. they're giving anyone who brings their car in for the recall a freeloader but at this point they do not know what the problem is. ford stock down today and gm's stock down on reports of bigger inventories of the gm trucks than they thought so not a good day for the automakers but a particularly bad day f
today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they feel this had passed in a lame duck session without the opportunity for there to be more debate about it. that is their feeling. at this point you mentioned a little bit of white you could call it violence. nothing serious at this point, but we want to keep an eye on this because there are lots of folks, pretty hard t
®. cheryl: right now we're coming up on 15 past the hour, stocks now, of course, every 15 minutes. jeff flock is in the trading pits of the cme where coffee prices perking lower, sandra smith watching retail, first to nicole on the floor of the new york stock exchange. >> thanks, cheryl, up about one-quarter of 1%, stocks up. use that term loosely today, but we're really thinking tech lately. a lot of people have been following the tech names, let's take a look agencies coe in particular which is a great performer on the dow jones industrials. one of the reasonn they got an upgrade, the price target now $24 up from $23 with a buy rating, but the whole point is that tech, actually, in my mind what i'm looking at, the overall market here, is really doing well. hewlett-packard is a winner on the dow jones industrials with the talk of carl icahn getting involved, microsoft was there, surface doing well, so there's a lot of different stories within tech. and even apple, which started off in the red and move today the green. so tech is one of the areas that is helping to keep all three of the
are dropping to near record lows. jeff flock is down by the river with more on this. jeff? >> how low can it go, melissa? this is a river gauge. take a look where it is right now. i was at a flood in this town in phebse, illinois and that was used. look where the river is now? nowhere near the gauge. marty, run with me. look at this boat. if you can't tell how low this water is, that boat you see out there, that is army corps of engineers right now. they're doing sounding because there are river boulders or what they call river pinnacles. >> rock pinnacles, that's correct. >> they're sticking up and making this un 1/2 dpabl. -- unnavigable. >> when the water goes up the pinnacles are past the bridge. >> this is huge estuary for shipping from diesel to fertilizer, to grain moves up and down this. this is what we're talking about right there, marty? marty is with aep river operations. they run barges up and down here. those are what they called rock pinnacles? >> that's correct. those will extend clear out into the channel past the bridge pier. that is what the corps is trying to get removed. >>
management shake-ups of the year. jeff sonnenfeld will join us with the fiscal corporation movement of the year. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thou
more workers. let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. they are standing on guard ready
capital. good to see you. jeff, make the case. you're looking at the charts. how do you like ups versus fedex? >> maria, i think you have to look at the longer-term chart, and if you look at the ten-year period, the true leader is federal express. it's up 76% versus the 24% that ups is. that's where you find the leaders. now let's take a closer look and look at the micro view of this chart, and we go to the year to date chart, and if you see a year to date, trading within a range, between 84 and 94, and what's going tonight difference. what's going tonight difference to push this to go higher, the catalyst, right. we wanted to see it go above $94 a share and the catalyst is going tonight international markets. we've seen some clarity over there, and you've seen a really -- fedex's international numbers have to increase, and that's the catalyst right there. >> jeff, they are both international. it depends on where you want to play. i like ups better because it's got a 3% yield versus a less than 1%. i think about half a percent yelled for fedex and still in a low return environment. if y
and jeff ward left high stress, six-day-a-week jobs as big city lawyers because they wanted to spend more time with their wives and children. they decided to do what more and more working mothers are doing: share a job. >> well, for the first six months of the job, i was referred to as the new joanne. >> the job of assistant in-house council at timberland in stratham, new hampshire, had been filled by two women for years. >> i have two weekends a week. >> two weekends a week? >> and i have a four-day weekend. >> it is a pretty sweet deal. they each work three days a week, overlapping on tuesdays. >> how do you keep the office from sucking you back in on your days off? >> it's a constant struggle. we're always on call because of the blackberry. >> the crackberry. >> the crackberry? >> yeah. >> there you go. it's attached to you. it's part of your body. >> yep. >> part of mike's body even on his days off... >> daddy! >> okay, hold on just a minute. >> when he's the house husband in the kitchen... >> sarah's birthday is coming up, isn't it? >> in the laundry room. >> i need to email jeff. >>
and government" and the reckoning that lies ahead. jeff in santa fe, calif. you are on booktv. please go lead with your question. >> caller: earlier you talk about our international institutions are week that need to be made stronger to properly govern multinational corporations. given that nations around the world are in different phases coupled with the greatest different culture, how would you go about stressing these institutions? it could take a long time for the national institutions. thank you. >> it will take a long period of time. in most countries are round world talking about strengthening international institutions is the third rail in politics. if you want to see a little sovereignty of ford and you are out of business. if we don't see sovereignty upward we don't preserve national sovereignty or national interests. the reason superstorm sandy cause such damage in the northeast of the united states was not exclusively related to environmental policies and actions taken in the united states of america. .. and the course of civilization and the history of civilization and taking gov
trying to thing how that would appear on type on a bill unless it was meant to she server jeff, this is your check, you have the table with the fat girls. you would say it but not write it. >> someone is typing that up, but there is no injury. what is the injury? >> well, half off the check. >> they rejected that offer. that is way too little. >> what would you gouge them for? >> you have to understand, the women have been tortured all their likes because of the way they look. can you not do that. you cannot humiliate them. >> maybe it will incentivize them. >>neil: now, really, you are -- i love you dearly but you are saying consider yourself lucky they called you fat pigs. are you nuts? come on. come on. >>guest: it could change their likes and maybe they will eat healthier. >>neil: you make lawyers look good. in this case whether they is grounds do sue they certainly have grounds to do something. what would the "something" be. >>guest: change their habits. >>neil: it is on them? >>guest: they have a right to sue. this is california, you sue for distress. we don't know the ex
. that tells me, newcorp is a better bet. jeff in san diego. the stock hit a 52 week high today. let's go to steve in michigan. >> booyah jim. my stock is cleveland cliff. it is staying alove the 7% dividend. it is a value trap of a by? let's go to mike. >> man, it is great. >> i'm a first time caller thank you for makeing it about the market. i bought hda. >> i think the situation is getting better. i would prefer to be in bristol myers. i like to sleep at night. i understand why people are coming back because of health care. thank you for taking my call. >> i was wondering about groupon? >> i'm wondering about what deal they gave me today. my take is that it is not a great stock. >> let's go to randal in california. >> hello. we know that every single one of them is going down. people are saying that sand ridge is having a tough time. and that is the conclusion of the lightening round. >> coming up gold mind? the world is demanding more resources than ever. the need to keep these coworker safe is paramount. just ahead. they don't know it yet, but they're gonna fall in love, get married,
e very much, rog. we've en speakin wit roch. >> jeff: altman. f coming up tomorrow, we'll talk with one top c.e.o. for his views on the fiscal cliff and what higher taxes and spending cuts mean for his business. stephen roell of johnson controls joins us. >> reporter: pfizer took a big hit this year when its blockbuster cholesterol drug lipitor came off patent. still ahead, the outlook for the generic drug business in 2013. >> susie: on wall street today, another triple-digit gain in blue chip stocks on hopes that a fiscal cliff deal is in the works. investors were also reassured by another positive report from the housing sector. homebuilder cfidence hit its highest level since the spring of 2006. but the housing recovery still has a ways to go: index readings above 50 reflect a positive outlook. some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44
with whom i had the honor to serve these past two years, senator jeff bingaman of new mexico, chairman of the energy committee. simply one of the kindest, smartest, gentlest people i've ever met. it's been a great pleasure working with him on the energy and natural resources committee. i remember we were both speaking at a conference on advanced energy research this last year out at national harbor. thousands of scientists, investors and entrepreneurs were there. i pulled up in front of the massive convention hall and right out in front, prius with new mexico plates. sure enough, chairman jeff bingaman jumps out of the driver's seat -- no staff -- so here's the chairman of the senate energy committee, a senator for nearly 30 years, driving himself to a major policy speech in his prius. practicing what he preaches, prepared to deliver an important speech in a moment that showed his humility. as unassuming a man as senator bingaman is, when he speaks, you listen. he's living proof that the value of one's words can and should exceed their volume. that day at national harbor, senator binga
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